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Lopes, A.I. & Tânia Caetano (2014). Public-private partnership/concessions contracts of listed portuguese firms: the role of firm-specific determinants. In Instituto Politécnico de Leiria (Ed.), "XXIV Jornadas Luso-Espanholas de Gestão Científica: Contributo da Gestãopara a Sustentabilidade das Organizações e da Sociedade". Leiria: Instituto Politécnico de Leiria.
A. I. Lopes and T. F. Caetano, "Public-private partnership/concessions contracts of listed portuguese firms: the role of firm-specific determinants", in "XXIV Jornadas Luso-Espanholas de Gestão Científica: Contributo da Gestãopara a Sustentabilidade das Organizações e da Sociedade", Instituto Politécnico de Leiria, Ed., Leiria, Instituto Politécnico de Leiria, 2014
@incollection{lopes2014_1732366857083, author = "Lopes, A.I. and Tânia Caetano", title = "Public-private partnership/concessions contracts of listed portuguese firms: the role of firm-specific determinants", chapter = "", booktitle = ""XXIV Jornadas Luso-Espanholas de Gestão Científica: Contributo da Gestãopara a Sustentabilidade das Organizações e da Sociedade"", year = "2014", volume = "", series = "", edition = "", publisher = "Instituto Politécnico de Leiria", address = "Leiria", url = "http://www.xxivjornadaslusoespanholas2014.ipleiria.pt/?page_id=7" }
TY - CHAP TI - Public-private partnership/concessions contracts of listed portuguese firms: the role of firm-specific determinants T2 - "XXIV Jornadas Luso-Espanholas de Gestão Científica: Contributo da Gestãopara a Sustentabilidade das Organizações e da Sociedade" AU - Lopes, A.I. AU - Tânia Caetano PY - 2014 CY - Leiria UR - http://www.xxivjornadaslusoespanholas2014.ipleiria.pt/?page_id=7 AB - This research examines the firm-specific determinants of listed Portuguese firms having Public Private Partnerships -Concessions Contracts (PPP-CC). Based on accounting standards and other legislation regarding PPP-CC, a set of firm characteristics was tested in order to find those linked to the probability of having those arrangements. The research covers a period of four years, between 2008 and 2011, under which 132 firm-year observations are analyzed using a binary logistic regression model. The findings show that, as expected, larger firms, more leveraged and with higher level of Working Capital have more probability of having PPP-CC. Asymmetric Information, which was expected to have a negative impact, has shown to affect positively the probability of having PPP-CC. As expected, growing opportunities is not a distinguish characteristic. Several other characteristics were not supported. This research contributes to the scarce but growing literature on services concessions arrangements. ER -